[Invesco: AI Infrastructure Undergoes Necessary Adjustment, Not a Bubble Burst or the End of the AI Investment Theme] According to Jinse Finance, on November 6th, Brian Levitt, Chief Global Market Strategist at Invesco, stated that market concerns about the AI investment boom did not begin with the US midterm elections. With interest rates rising for most of this year, investors have become increasingly focused on the massive capital required for AI infrastructure. These two factors combined have had a significant impact. Building data centers requires substantial capital, electricity, and increasingly expensive equipment, and rising borrowing costs naturally raise the investment threshold for new projects. At the same time, semiconductor and memory companies have been actively expanding their investments to meet market expectations of a significant increase in computing power demand. He believes that the recent decline does not signify a bursting AI bubble, nor does it mean the end of this investment boom; his long-term view remains unchanged, believing that computing power demand will continue to grow, and AI remains a highly attractive structural investment theme. What may change is the speed of new capacity construction. He points out that this is not necessarily a bad thing. The scale of capital expenditure has previously raised concerns about financing capabilities, profit prospects, and whether end-user demand can quickly absorb the new capacity. If the pace of development becomes more cautious and orderly, it may ultimately help the AI industry achieve healthier and more sustainable development.